global trade operations rmit assignment 1

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Global Trade Operations

Undergraduate | RMI-LGM280 | 2024

Recognise the strategies businesses use to get the most out of global trade operations.

Compare classic and modern theories of international trade. Cover community supply chains and global trade corridors. Unpack the politics of global trade.

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About this subject

What you'll learn.

On successful completion of this subject you will be able to:

• Analyse and apply key concepts, models and theories in the context of global trade operations
• Apply exporting and importing processes, documentation and international trade terms in global trade operations
• Evaluate the function of global trade corridors, freight hubs and commodity supply chains
• Critically evaluate and present rational analyses and problem-oriented policy discussions on aspects of global supply chains in diverse professional contexts
• Work effectively individually and collaboratively to communicate ideas and strategies to solve problems in international trade.

Topics covered

• Please refer to RMIT University’s Learning Management System - Canvas, for further details.

Description

This subject is designed to develop an understanding of developments global trade operations and the ways in which businesses position themselves to optimally harness opportunities and succeed within a globalised competitive environment. It introduces both operational and strategic aspects of global trade operations through analysing current trade procedures, practices, and policies related to the exchange of goods or services along international borders.

In this subject you will learn about the fundamental principles, theories and systems of global trade operations. Following carefully selected topics and objective-driven assessment tasks, you will be introduced to the globalised competitive business environment, the politics of global trade and the regulatory environment.

Assessments

• Assessment Task 1 (Linked CLOs: 1, 3) (20%)
• Assessment Task 2 (Linked CLOs: 2, 4, 5) (30%)
• Assessment Task 3 (Linked CLOs: 1, 2, 3, 4) (50%)

For textbook details check your university's handbook, website or learning management system (LMS).

About RMIT University

One of Australia's largest dual-sector institutes, offering both TAFE and higher education, RMIT University proudly delivers work-related education and practical research relevant to current business and community needs. More than 96,000 students study with RMIT, and many of their degrees are available through Open Universities Australia.

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Entry requirements

To enrol in this subject, you must be admitted into a degree.

Additional requirements

No additional requirements

Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.

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Bachelor of Business – Global Business major

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Your guide to majoring in Global Business with the Bachelor of Business at RMIT.

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Introduction to the major

When you choose the Global Business major in the Bachelor of Business at RMIT University, you are gaining the skills to think critically about managing international business responsibly, and sustainably.  

An understanding of global business is increasingly necessary for managers in all organisations in the context of growing globalisation. International skills are now an organisational imperative, and having a specialist on hand who has international skills to transact business across borders is essential.

Business graduates with a major in Global Business will be equipped with the skills to build a successful career across all industries in Australia and overseas.

About the Bachelor of Business

With the Bachelor of Business at RMIT you will enjoy a cross-disciplinary, flexible and personalised degree that allows you to pursue a range of diverse interest areas across business. You will gain practical real-world experience throughout your degree with the College of Business and Law and our industry partners.

About the Bachelor of Business Professional Practice

The Bachelor of Business Professional Practice is a four-year degree offering you access to all the options within the three-year Bachelor of Business, complemented by an exclusive internship of up to one year and Work Integrated Learning experiences. 

Why choose to major in Global Business with the Bachelor of Business?

Tailor your learning.

Undertake in-depth study in Global Business, complemented with a choice from 14 majors and 32 minor areas.

Industry informed

Partner with industry as part of your studies and get a head start on your career.

Take your career worldwide

Graduates with a major in Global Business are uniquely prepared to work anywhere and everywhere.

It is best to understand that learning is continuous and that what is taught in class is not enough. You will need to utilise what the university has to offer to the fullest extent and that will definitely help to achieve your goals and get ready for life.

- Khang Nguyen Pham Gia – Bachelor of Business (Global business) 

• Career outcomes

The Bachelor of Business opens up a wide range of career opportunities which you can choose to focus on based on how you tailor your subject selection. Our wide range of industry partners and real-life focus produces industry demanded graduates.

The Global Business major prepares you for a global career, providing you with the skills to analyse and interpret the complex operations of global organisations, international trade and business relationships to enable you to thrive in a challenging and rewarding career.

Graduates of the Bachelor of Business who choose to major in Global Business may go on to careers in:

• change management
• strategic advisory
• project support
• international development
• analyst roles.

Subject selection guide

The following guide will help you understand what your subject plan will look like if you decide to major in Global Business with the Bachelor of Business:

You will undertake six courses to build your understanding of the global business environment:

• BUSM1222 Global Business  * 
• BAFI1002 Financial Markets and Institutions  * 
• BUSM4687 Global Corporate Responsibility  + 
• BUSM4688 Cross Cultural Management  * 
• OMGT2243 Global Trade Operations  # 
• BUSM4689 Political Economy of Global Business  ^

In addition to these you have your choice of two optional subjects from the below list:

• HUSO2092 Gender, Development and Globalisation +
• LAW2590 Law of Climate Change # 
• BUSM2449 International Human Resources Management +
• BUSM4054 Entrepreneurship and Global Challenges #
• BUSM1094 Organisations +
• BUSM4550 Innovation Management +
• ECON1086 Business in the Globalised Economy +

Key to subject selection

Complementary majors and minors.

By integrating a second major or a range of minors you will deepen your expertise in a specialised area while gaining a well-rounded understanding of how your chosen interest's principles intersect with other fields.

This combination of knowledge and skills will prepare you for the complexities of the modern business landscape and equip you to make a meaningful impact in your chosen career path.

All majors and minors in the Bachelor of Business are complementary. Suggested combinations are listed below: 

Economics major

Economics provides a framework for understanding the behaviour of individuals, businesses and markets, and how they interact with each other. This knowledge can complement a marketing major, which focuses on creating and promoting products and services that meet the needs of consumers.

Accounting in Business minor

The combination of these two fields can help you develop skills that are highly valued by employers such as analytical thinking, problem-solving and communication.

Marketing major

Gain insights into customer needs and preferences, which can drive the development of more effective supply chain strategies.

People and Organisations major

Develop strategies that align with employees' needs and preferences, fostering more effective supply chain practices.

Bachelor of Business full course information

This is just one of the 14 majors that you can choose from. Visit the Bachelor of Business course page to find full course information, explore your study options, and get details on entry requirements, pathways, fees, plan structure and how to apply.

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RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business - Artwork 'Luwaytini' by Mark Cleaver, Palawa.

RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business.

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• Categories: OMGT2243: Global Trade Operations

OMGT2243: Global Trade Operations Assignment, RMIT, Singapore understand current challenges to international trade in the context of the COVID-19 pandemic

The purpose of this assignment is to understand current challenges to international trade in the context of the COVID-19 pandemic and to identify the practices…

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